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Bitget Token(BGB)

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$1.1634
(0.34%)
0.00001725 BTC
Market Cap (Rank#58)
$1,628,716,479
24,145 BTC
Vol 24h
$105,332
1.561513 BTC
Circulating Supply
1,400,000,000
Max Supply
2,000,000,000
358 days agocryptodaily
Crypto Weekly Roundup: SBF Under Gag Order And More
More developments in the FTX saga, where the former CEO of the now-defunct crypto exchange has come under fire for conducting an interview with the New York Times, which prosecutors have claimed amounts to witness tampering. He has been put under a gag order which prevents him from discussing the case publicly. Let’s find out more. Bitcoin Democratic presidential candidate Robert F. Kennedy Jr. confirmed his recent purchase of a significant amount of Bitcoin earlier this year. Wednesday’s announcement of the widely expected 25 basis point rise in the interest rate led to a higher move in cryptocurrencies. A team of Bitcoin developers and enthusiasts have introduced the "Frostsnap" method to provide multisig wallets with a range of new capabilities. DeFi The Bank of Italy's Milano Hub innovation center will support a project spearheaded by Cetif Advisory that aims to develop a security token ecosystem for institutional DeFi. DeFi protocol Parrot Finance will begin implementing an activist investor-led plan to phase out the platform’s PRT token, with redemptions set to begin as early as Monday. Altcoins An obscure altcoin called the X token has surged by over 1000% following Elon Musk’s announcement that Twitter is rebranding itself to X.com. Technology Bridge Protocol LayerZero has revealed that it has achieved a significant landmark, crossing 50 million cross-chain messages. Archax, a leading global digital asset exchange, broker, and custodian, has unveiled its latest offering: a crypto exchange designed specifically for institutional investors. Avalanche Foundation has earmarked a whopping $50M to acquire assets that are tokenized on its blockchain. The highly controversial Arkham Intel Exchange has approved its first-ever bounty hunt, with crypto sleuths set to go after crypto wallets belonging to Terra co-founder Do Kwon. Business Venture capital firm, Sequoia Capital, has cut its cryptocurrency fund by over 65% from $585 million to $200 million. Bankrupt crypto lender Celsius Network has reached two crucial settlements to end its bankruptcy proceedings and clear a path for the return of customer assets. Flashbots, an Ethereum software infrastructure provider, has raised $60 million from venture capitalists and other prominent players from the blockchain ecosystem. Cryptocurrency exchange KuCoin has responded to recent rumors about mass layoffs within the company, clarifying that the adjustments to its headcount are part of routine organizational development. Deloitte and Chainalysis have joined forces in a strategic alliance to tackle compliance challenges within the digital asset ecosystem. BlackRock and India’s Jio Financial Services will soon enter a joint venture to launch a “digital-first offering” in India. Crypto derivatives and copy trading platform Bitget announced the listing of its native token BGB on the renowned cryptocurrency exchange MEXC. Regulation The South Korean Financial Services Commission's (FSC) decision to seize Delio’s assets cast doubts over its future operations. In a recent statement, the SEC claimed that the recent Ripple ruling was incorrect while disclosing that it has already decided and is currently moving in to post an appeal. The United States Federal Reserve has officially launched its new instant payment system, dubbed FedNow, to modernize and streamline the United States’ payment system. FTX founder Sam Bankman-Fried has agreed to a gag order that prevents him from publicly discussing his case after prosecutors alleged he was discrediting their witness, Caroline Ellison. Changpeng Zhao and other defendants associated with the Binance crypto exchange plan to appeal to the court to dismiss a lawsuit from the CFTC. Worldcoin, the high-tech cryptocurrency initiative supported by Sam Altman, might soon be under the scrutiny of data protection regulators in the UK. The Republic of Namibia pivots on its crypto stance by introducing a law regulating the digital asset industry, ending the country’s total ban on cryptocurrencies. Block.one, a significant investor in the blockchain industry, is now under fire from the EOS Network Foundation (ENF) for purportedly defaulting on its $1 billion investment commitment. Blockchain security firm Quantstamp is under scrutiny from the SEC for conducting an unregistered initial coin offering (ICO) in 2017. The United States House Financial Services Committee passed two crucial bills that could pave the way for regulatory clarity. The SEC has intensified its oversight of financial institutions that use AI and predictive algorithms. Democrat Congressman Brad Sherman said on Wednesday during a key congressional committee that only the US government has the right to print money out of thin air. The United States Senate has passed an $886 billion military spending bill with strict anti-money laundering provisions for cryptocurrency. In a letter addressed to the SEC, Grayscale Investments has appealed for the equal treatment of all spot Bitcoin ETFs. Singapore-based crypto exchange Crypto.com announced it obtained registration with the central bank of the Netherlands, De Nederlandsche Bank (DNB). The Supreme Court of India came down heavily on the central government, expressing displeasure over the lack of a clear law or regulations regarding cryptocurrencies. NFT NFT art gallery Bright Moments held its live minting event at the Gotham store, one of New York City's "luxury" cannabis dispensaries. CyberKongz partners with Axie Infinity’s creator Sky Mavis to migrate its existing Play and Kollect NFT game and mint the new Genkai NFT collection on the Ronin chain. Web3 CEO Mark Zuckerberg remains hopeful about the company’s metaverse prospects despite sinking $3.7 billion in operating losses in the second quarter of this year. Japan is set to embrace Web3 technology with the backing of major companies like Fujitsu and Mitsubishi, going beyond just entertainment and gaming. The Binance crypto exchange platform is set to start operations for Japanese customers, according to an announcement from CEO Changpeng Zhao. Security Crypto payments platform CoinsPaid believes North Korean Lazarus Group was behind the hack that saw $37 million stolen from the platform. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
360 days agocryptodaily
Bitget's BGB Token to Launch on MEXC, Unleashing Exciting Price Growth and Enhanced Liquidity Possibilities
Bitget, top crypto derivatives and copy trading platform, is delighted to announce the listing of its native token BGB on the renowned cryptocurrency exchange MEXC. This strategic move is expected to further boost liquidity, accessibility, and the overall value and utility of the BGB token. Traders can now engage in seamless BGB/USDT trading on MEXC, accessing a broader range of opportunities and privileges. With a circulating supply of 1,400,000,000 BGB and a total supply of 2,000,000,000, BGB plays a pivotal role in Bitget's ecosystem. The token offers users exclusive privileges and a variety of rights on the Bitget exchange, encompassing fee discounts, access to high-quality tokens through Launchpad and Launchpool participation, the ability to Super Airdrop, and much more. The decision to list BGB on MEXC came along with the surging demand for the token in the market, where it has already amassed over 300,000 holders and achieved a total trading volume of more than two billion USD since the beginning of the year. BGB experienced significant price growth, reaching an all-time high of over 0.51 USDT in February and was the best-performing exchange token in H1 2023, outpacing BTC. This remarkable surge in BGB’s value can be attributed to Bitget’s successful and steady growth. With a rising share in both the spot and derivatives trading markets and a reputation for high financial security, Bitget has garnered significant traction. Additionally, Bitget's impressive track record of listing over 180 coins in 2023 and boasting the best Launchpad performance, with an ATH average ROI of 41.9x, have strengthened the use cases and attractiveness for BGB. The updated BGB whitepaper, released in April, revealed exciting new features in development, including the BGB lottery, trial fund for futures trading, and exclusive earning services. Additionally, the team is actively considering a BGB buyback and burn mechanism, aimed at reducing the token's circulating supply and bolstering its overall value. In May, Bitget introduced yet another innovative feature called "Super Airdrop" for its platform token, BGB. This feature offers eligible BGB holders the opportunity to receive airdrops of any new crypto assets listed on the Bitget platform. In addition to the developments of BGB functionalities, Bitget's continuous growth and influence in the cryptocurrency market also serve as key drivers for the demand and price performance of BGB. According to TokenInsight's Crypto Exchange Report Q2 2023, Bitget ranks the fourth in trading volume among all CEXs, and its market share increased by 1.81% to 8.7%, the second-highest increase among the Top5 CEXs. Bitget experienced a significant increase in market share in both the spot market and open interest, solidifying its position as a leading player in the industry. Gracy Chen, Managing Director of Bitget, commented on the listing: "The listing of BGB on MEXC is a testament to the recognition and achievements of Bitget in the dynamic crypto space. As we continue to expand our ecosystem in both the CeFi and DeFi realms, enhancing BGB's visibility and utility remains one of our top priorities. We are excited to unlock new possibilities and reach a broader audience through this strategic collaboration with MEXC." BGB is now available for public exchange and trade on MEXC, along with Bitfinex and Bitget, with a total daily trading volume of $10 million. The Bitget team is continuing to explore future listing opportunities for BGB in the coming months. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
374 days agocryptodaily
Crypto exchange report shows downward slide for first half of year
The landscape of crypto exchanges was anything but calm, as revealed by TokenInsight's Q2 2023 Crypto Exchange Report. While Bitcoin, the leading cryptocurrency, kept its cool around the $30,000 mark, the world of crypto exchanges was buzzing like a beehive. Big four exchanges still dominate The Q2 2023 Crypto Exchange Report from TokenInsight gives a peek into this hive. The top 10 exchanges saw a trading volume of $8.3 trillion in Q2, which is a 23% slide down the hill from the previous quarter. Despite this downhill ride, the big four - Binance, OKX, Bybit, and Bitget - held their ground, accounting for a hefty 85% of the total market. Even with a 3% dip in market share, Binance still holds sway with over 50% of the total trading volume. Binance still commands the market The report also highlighted shifts in market share. Binance saw a slight decrease in its dominance, but it still held a commanding lead with over half the market share. Meanwhile, exchanges like OKX, Bybit, Bitget, MEXC, and Huobi saw their market shares rise. On the flip side, Upbit and Coinbase saw a slight dip. Spot trading In the area of spot trading, the top 10 exchanges had a volume of $1.3 trillion in Q2, which resulted in a 45% decrease from Q1. Binance continued its dominance of the spot market, with a 55.33% market share. Bitget and Bybit made significant strides, increasing their market shares, while Upbit took a hit due to regulatory changes in South Korea. Derivatives The derivatives market held up a bit better, with a 14.6% decrease from Q1 and a 50.7% decrease from Q2 2022. Binance kept hold of a large part of the derivatives niche with a 54% market share, followed by OKX with 18%. Exchange tokens Lastly, the report gave some insights into the performance of exchange tokens. Bitget's $BGB led the way with a 22.6% price increase in Q2. Bitfinex's $LEO wasn't far behind, with a 15.4% increase. $OKB of OKX also had a good run, with a 7.1% increase. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Bitget Token?

The live price of Bitget Token (BGB) today is 1.1634 USD, and with the current circulating supply of Bitget Token at 1,400,000,000 BGB, its market capitalization stands at 1,628,716,479 USD. In the last 24 hours BGB price has moved 0.0063 USD or 0.01% while 101,793 USD worth of BGB has been traded on various exchanges. The current valuation of BGB puts it at #58 in cryptocurrency rankings based on market capitalization.

Learn more about the Bitget Token blockchain network and how it works or follow the price of its native cryptocurrency BGB and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Bitget Token (BGB) is a cryptocurrency that powers the Bitget exchange, a leading digital asset trading platform. BGB is an ERC-20 token that operates on the Ethereum blockchain, providing users with a range of benefits such as reduced trading fees, access to exclusive features, and the ability to participate in the platform's governance. The Bitget exchange is designed to provide a secure, reliable, and user-friendly trading experience for both novice and experienced traders.

Technology & Mechanism

Consensus Mechanism

Bitget Token uses the Ethereum blockchain, which operates on a Proof-of-Work (PoW) consensus mechanism. This means that transactions on the network are validated by miners who solve complex mathematical problems to add new blocks to the blockchain.

Blockchain Technology

The Ethereum blockchain is a decentralized, open-source platform that enables the creation of smart contracts and decentralized applications (dApps). It is known for its flexibility and scalability, making it a popular choice for developers building blockchain-based solutions.

Key Features

Scalability

The Bitget exchange is designed to handle high trading volumes, with a processing speed of up to 1 million transactions per second. This ensures that users can trade quickly and efficiently, even during periods of high market volatility.

Security

The Bitget exchange employs a range of security measures to protect user funds and data, including two-factor authentication, SSL encryption, and cold storage for offline storage of funds.

Privacy

Bitget Token transactions are pseudonymous, meaning that users can trade without revealing their real-world identities. However, the exchange may require users to complete KYC (Know Your Customer) verification in certain circumstances.

Decentralization

The Bitget exchange is decentralized, meaning that it is not controlled by any single entity or organization. This ensures that users have full control over their funds and can trade without the need for intermediaries.

Development Team & Governance

The Bitget exchange is operated by a team of experienced professionals with a background in finance, technology, and blockchain. The platform is governed by a decentralized autonomous organization (DAO), which allows BGB holders to participate in the decision-making process and vote on important issues related to the platform's development and governance.

Use Cases & Potential Impact

Bitget Token has a range of use cases, including trading, staking, and participating in the platform's governance. The Bitget exchange is designed to provide a secure, reliable, and user-friendly trading experience for both novice and experienced traders, and the platform's governance model ensures that users have a say in the platform's development and direction.

Purchase & Storage

How to Buy

Bitget Token can be purchased on a range of cryptocurrency exchanges, including Bitget, Huobi, and Binance. Users can buy BGB using fiat currency or other cryptocurrencies such as Bitcoin or Ethereum.

Wallets & Storage

BGB can be stored in any Ethereum-compatible wallet, such as MyEtherWallet or MetaMask. For added security, users can also store their BGB in cold storage wallets such as Ledger or Trezor.

Partnerships & Collaborations

Bitget has partnered with a range of leading blockchain projects and companies, including Chainlink, MakerDAO, and Compound. These partnerships enable Bitget to offer users access to a range of innovative blockchain-based solutions and services.

Roadmap

Bitget has a range of exciting plans for the future, including the launch of new trading products and features, the expansion of its global user base, and the integration of new blockchain-based solutions and services.

Risks & Challenges

As with any cryptocurrency project, Bitget Token faces a range of risks and challenges, including regulatory uncertainty, market volatility, and competition from other blockchain-based trading platforms. However, the Bitget team is committed to addressing these challenges and ensuring the long-term success of the project.

Community & Regulatory Compliance

Community

Bitget has a vibrant and active community of users and supporters, who are passionate about the platform's mission to provide a secure, reliable, and user-friendly trading experience for all.

Regulatory Compliance

Bitget is committed to complying with all relevant laws and regulations, including KYC and AML (Anti-Money Laundering) requirements. The platform also works closely with regulators and industry bodies to ensure that it operates in a transparent and compliant manner.

Conclusion

Bitget Token is a cryptocurrency that powers the Bitget exchange, providing users with a range of benefits such as reduced trading fees, access to exclusive features, and the ability to participate in the platform's governance. The Bitget exchange is designed to provide a secure, reliable, and user-friendly trading experience for both novice and experienced traders, and the platform's governance model ensures that users have a say in the platform's development and direction. With a range of exciting plans for the future and a committed team of professionals, Bitget Token is well-positioned to become a leading player in the blockchain-based trading space.
Bitget Token Price1.1634 USD
Market Rank#58
Market Cap1,628,716,479 USD
24h Volume105,332 USD
Circulating Supply1,400,000,000 BGB
Max Supply2,000,000,000 BGB
Yesterday's Market Cap1,629,166,976 USD
Yesterday's Open / Close1.1574 USD / 1.1637 USD
Yesterday's High / Low1.1778 USD / 1.156 USD
Yesterday's Change
0.01% ( 0.0063 USD )
Yesterday's Volume101,792.90 USD
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